Investment in AI-resistant ‘Halo’ companies helps push UK and EU markets to record highs

Investment in AI-resistant ‘Halo’ companies helps push UK and EU markets to record highs

Investors are increasingly shifting capital toward "Halo" companies—firms with heavy physical assets and low obsolescence risk like energy grids and utilities—seeking protection from AI-driven market disruption. This investment trend has helped push UK and EU stock markets to record highs in February 2026, while US mega-cap tech stocks struggled. Goldman Sachs reports that capital-intensive companies have outperformed capital-light firms by 35% since 2025 as asset intensity becomes a key valuation driver.